19 May, 2010

IFS Applications selected by leading European food and beverage company

IFS has received an order from a leading European food and beverage company to provide IFS Applications licenses, services and maintenance & support with a value of over 3,6 million EUR.

The company will implement a full enterprise suite including components for financials, manufacturing, supply chain, maintenance, pricing & promotions, document management and business intelligence. The goal is to improve business processes by having a single integrated solution across multiple countries and to have complete visibility of the global position in terms of supply chain and financial analysis.

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2009 was SKr 2.6 billion.The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on May 19, 2010, at 8:15 a.m. CET.